{"id":37016,"date":"2022-06-10T05:46:02","date_gmt":"2022-06-10T12:46:02","guid":{"rendered":"https:\/\/pdxlegal.com\/?page_id=37016"},"modified":"2022-07-09T04:38:09","modified_gmt":"2022-07-09T11:38:09","slug":"converting-your-chapter-7-bankruptcy-to-chapter-13","status":"publish","type":"page","link":"https:\/\/pdxlegal.com\/bankruptcy\/converting-your-chapter-7-bankruptcy-to-chapter-13\/","title":{"rendered":"Converting Your Chapter 7 Bankruptcy to Chapter 13"},"content":{"rendered":"
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Bankruptcy Attorney in Portland, Oregon<\/strong><\/div>\n<\/h2>\n
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In some cases, people file for Chapter 7 bankruptcy and then realize that Chapter 13 is a better option. The question is, can you do it legally? The quick answer is yes. Sometimes, your financial problems push you to change your mind. On the other hand, the bankruptcy court may request that you convert to another bankruptcy option. That’s completely alright, as long as it is done in a legal manner. <\/p>\n

Converting Chapter 7 to Chapter 13 requires the legal help of an excellent bankruptcy lawyer<\/a>. As the Bankruptcy process<\/a> is naturally complex, every step you undertake is crucial. You should consider hiring an experienced, expert, and reputable bankruptcy attorney. <\/p>\n

In Oregon, Michael D. O’Brien & Associates, P.C. is a bankruptcy law firm that can help. With our extensive experience in handling and resolving complicated bankruptcy cases, you can put your trust in us in converting your Chapter 7 Bankruptcy to Chapter 13. If you want to discuss your case with us, schedule a free case evaluation now!<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Why do I need a Bankruptcy Attorney in Oregon?<\/strong><\/div>\n<\/h2>\n
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Filing for bankruptcy is a complicated process. From the start of filing a motion with the bankruptcy court until the end, it may confuse you if you don’t get good legal advice from a bankruptcy lawyer. Before taking any steps, you need to understand that it can radically affect your financial future. Thus, every step you take should be in accordance with the law, and must be at all times accurate. <\/p>\n<\/div>\n<\/div>\n<\/div>\n

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In selecting the best bankruptcy lawyer in Oregon, take note of the following qualities \u2013 proficient, competent, and negotiable. As far as Michael D. O’Brien & Associates, P.C. is concerned, these are just some of their unique qualities as an excellent bankruptcy firm in Oregon. With over 26 years of practicing bankruptcy, our knowledge in bankruptcy laws is exceptional. <\/p>\n

There is no question that our law office is deemed an expert in bankruptcy laws in Oregon. As a matter of fact, two out of three nationally- certified bankruptcy lawyers in the state are part of our team. We deeply understand that your finances are at stake, hence, we are open to negotiation, especially for attorney fees. If you or someone you know is in need of converting Chapter 7 Bankruptcy to Chapter 13, make an appointment now!<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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What is Bankruptcy?<\/strong><\/div>\n<\/h2>\n
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In Chapter 7 Bankruptcy, debtors are given a fresh start by allowing them to discharge most of their debts. In this type of bankruptcy, the debtor will give up non-exempt assets for liquidation. On the other hand, Chapter 13 Bankruptcy<\/a> allows the debtors to make a repayment plan for 3-5 years to pay off the debts. This is referred to as the wage-earner plan. In Chapter 13, the debtors are provided an option to keep their assets and properties. Only debtors with regular income are eligible for this type of bankruptcy. <\/p>\n

A fundamental difference between the two is the period of time it takes to be deemed completed. In most cases, Chapter 7 Bankruptcy completes within 3-4 months, albeit other cases take longer. On one hand, Chapter 13 can last up to 5 years.<\/p>\n

Common reasons for converting Chapter 7 to Chapter 13 Bankruptcy<\/b><\/h3>\n

There are various reasons why individuals may voluntarily switch from Chapter 7 to Chapter 13 Bankruptcy. In particular situations, the bankruptcy or the trustee may also request a debtor to convert. Some debtors also realize that Chapter 13 is better than Chapter 7 after filing the latter. In these cases, the debtor may initiate the conversion. Examples of such situations include a debtor who:<\/p>\n